Survey finds optimism and resilience among UK manufacturers

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Over a third of UK manufacturers plan to buy British to overcome future supply chain shortages, a major survey has found.  

The 2022 Make UK/PwC Senior Executive survey has found that companies are building resilience into business models, which is highlighted by 35 per cent of companies planning to source from Britain and 31 per cent planning to re-locate some, or more, of their production back to the UK.

Escalating inflationary pressures and access to talent and key skills have been identified as the biggest issues companies are addressing. Despite this, 73 per cent of companies believe conditions for the manufacturing sector will improve in 2022.

In a statement, Make UK chief executive, Stephen Phipson, said: “It’s testament to the strength of manufacturers that they have emerged from the turbulence of the last couple of years in such a relatively strong position. While clouds remain on the horizon in the form of rapidly escalating costs and access to key skills, the outlook is more positive for those that remain adaptable, agile and innovative.” 

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